Dyer County, Tennessee Housing Market Prices
Dyer County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 32% below the Tennessee median$173,212
-
Median rent 34% below the Tennessee median$782
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Dyer County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $173,212 | $255,786 | $248,835 |
| Price Trend (Annual %) | 20.7% | 9.9% | 7.5% |
| Median Gross Rent | $782 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dyer County is about 32% lower than in Tennessee. Rent is about 34% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Dyer County, up about 20.7% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Dyer County rose about 26.5% between 2015 and 2024, from $618 to $782. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Dyer County.
Buying the median-priced home in Dyer County costs roughly 18.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Dyer County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Dyer County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $173,212 | $255,786 | $248,835 |
| Median Household Income | $57,668 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.0 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Dyer County rose about 162.1%, while median household income rose about 52.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Dyer County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.0% | 60.1% | 58.5% |
| Rental Rate | 34.5% | 29.7% | 31.2% |
| Vacancy Rate | 9.5% | 10.2% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Dyer County has a homeownership rate of 56.0%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 9.5%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Dyer County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1978 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Dyer County was built around 1978. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Dyer County, TN Housing Compared With Nearby Counties
How Dyer County, TN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Dyer County, TN | 36,498 | $173,212 #1/3 | $782 #1/3 | 61.9% #2/3 |
| Obion County, TN | 30,444 | $115,187 | $770 | 68.1% |
| Pemiscot County, MO | 14,958 | $34,156 | $694 | 55.2% |
Frequently Asked Questions
Common questions about the housing market in Dyer County, Tennessee.
What is the median home price in Dyer County, Tennessee?
The median home price in Dyer County, Tennessee is $173,212, lower than the Tennessee average of $255,786.
What is the average home price in Dyer County, Tennessee?
The typical home price in Dyer County, Tennessee, reported as the median sale price, is $173,212. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Dyer County, Tennessee?
The median gross rent in Dyer County, Tennessee is $782 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Dyer County in 2020?
In 2020, the median gross rent in Dyer County, Tennessee was $673 per month.
What is the price-to-rent ratio in Dyer County, Tennessee?
The price-to-rent ratio in Dyer County, Tennessee is about 18.5, meaning it would take roughly 18.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Dyer County.
Are home prices or rent rising faster in Dyer County, Tennessee?
Both home prices and rent are rising in Dyer County, up about 20.7% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dyer County, Tennessee?
56.0% of households in Dyer County, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Dyer County, Tennessee?
The housing vacancy rate in Dyer County, Tennessee is 9.5%, lower than the Tennessee average of 10.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →